https://issuesinsights.com/2020/09/15/its-official-trump-unleashed-a-middle-class-boom-that-benefited-women-minorities-most/
Not that you’d ever know it from the media blackout, but households have seen the biggest jump in real median income in at least 52 years. The poverty rate is lower than it’s been since at least 1959, the annual Census report on income and poverty shows.
These are incredible achievements that would be leading every newspaper and TV news program if they had happened under a Democratic president. The absence press coverage is even more astounding when you consider that the gains were among lower-income families, women, blacks and Hispanics.
In other words, every constituent group that Democrats claim that they represent.
Here’s the rundown:
Median household income reaches all-time high: In 2019, median household income shot up 6.8%, the biggest annual increase since at least 1967. To understand how impressive this is, consider that the next biggest increase was 5% in 2015, which came after five years of declines. (When Barack Obama left office, median household income was essentially where it was back in 2000.) From 1967 to 2018, the average annual increase was a mere 0.6%.
Lower-income families gained the most. Despite the endless chants about how President Donald Trump’s policies benefited only the rich, the truth is that lower-income families made the biggest gains in his first three years in office.
The bottom fifth of households saw their incomes climb 10% under Trump. Those in the next fifth saw incomes rise more than 9%.
The top 5% of households saw their share of total income drop.